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Close competition between Japan’s major retail FX firms has not curtailed their performance over recent months

After a year in which two notably large firms which gain their client base from the domestic market only, namely GMO Click Securities and DMM Securities experienced monthly volumes of over $ 1 trillion for a sustained period during the summer before tailing off to a still more-than-respectable figure during the last quarter of the year.

GMO Click Securities has today released its metrics for March 2014, a month in which the company’s entire trading volume as 69.46 billion Yen ($668 million).

2014 began with a huge upsurge once again, the company’s performance in January representing a 40% increase to $820 billion) over December’s volumes, indicating the possibility of a return to last summer’s glory days. February’s figures depicted a 13% decline in to $714 billion however this is still far higher than the same period one year previous, and the last quarter of 2013.

The company experienced a buoyant start to 2014 indeed, however with today’s release of March’s figures, the decrement appears to be continuing across GMO Click Securities’ OTC FX business, however as the first quarter of 2014 draws to a close, it can still be considered a successful period for the firm with results which make the first quarter of the previous year pale into insignificance, and are notably higher than those of the last three months of 2013.

With regard to the exchange-based margin trading division, Click 365, things are somewhat different, with 370,774 contracts traded, up considerably from February’s 356,942, with an increase in number of active accounts by a further 3,098 which once again sheds light on the notion that there is an increasing interest in exchange based FX trading worldwide, including within the region renowned for the highest retail FX volumes worldwide.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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